According to reports in both the Financial Times of London, as well as the New York Times, the Federal Reserve has made a $14Bn profit on TARP loan programs to struggling banks using tax-payer funds.
Switzerland’s government said Thursday that it was in the process of selling its stake in the giant bank U.B.S., a transaction that it expects will generate about one billion Swiss francs, or $938 million, in profit for taxpayers.
Morgan Stanley re-pays Federal government +20% annualized return TARP bail-out funds.
Charlie Rose interviews Fred Mishkin, Nouriel Roubini, et al. This is a concise — but informed — discussion of where we are, and where we need to go as far as the current American banking and financial crisis. The interview by Charlie Rose of Fred Mishkin (Columbia University), Nouriel Roubini (NYU), Mark Zandi (Moody’s) and others […]
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